Vacancy — 3 PhD Positions in the ERC Project 'The Governance of Loss in the EU' at ACELG

<p><span>Are you interested in doing an interdisciplinary PhD research project across law and social science? Are you curious about how EU law and governance shape European markets and societies?  Do you believe that we can positively shape the big economic transformations of our time (globalization, technological change, climate change and green transitions) by recognizing and addressing the losses they generate?  This vacancy is for you!</span></p>

werkenbij.uva.nl

Wissenschaftskolleg zu Berlin: Dermineur Reuterswärd, Elise

Elise Dermineur Reuterswärd,

wiko-berlin.de

Before banks: Historical lessons for rethinking credit

The global financial crisis of 2008 has led economists, historians, and policymakers alike to re-examine the foundations of our financial infrastructure. This column revisits the world of credit before the rise of modern banking to draw insights for contemporary reform. Drawing on historical research from early modern Europe, it reveals that communities long relied on deeply embedded, interpersonal credit systems grounded in trust, reciprocity, and flexibility. These informal networks, while imperfect, were often more adaptive and inclusive than current models. This historical perspective invites us to imagine credit systems that are more humane, responsive, and socially embedded.

cepr.org